Earlier quoted context omitted.
> The end result of all this is that NIMBYism creates scarcity (due to transportation inefficiency and by retarding new development) that makes houses expensive, and that causes people to be economically extremely sensitive to real estate changes (which are out of their control) which causes more NIMBYism. It's also yet another generational fuck-over of which we're on the losing side, the assholes pulled the ladder u…
It is an amazingly intractable catch-22 - if the government increase housing supply then a whole generation who are just about to retire lose almost all of their wealth; If they don't increase supply, a whole generation are unable to afford a home in which to raise a family. Whatever happens, it is almost inevitable that hundreds of billions of pounds will be funneled towards the baby boomers from the young or the ye…
NIMBYism has a lot to do with this, but the whole system is rigged against the young. We have a generation of teenagers, many of whom have a more mature understanding of issues such as student loans than older generations, but are not allowed to have a say.
BRB: Setting up a political party to represent Generation Y. Abolish the minimum voting age, massive housing expansion, force older generations to retrospectively pay tuition fees, reform drug policy, abolish copyright protection, appoint Cheryl Cole as the Queen, etc.